Continued stable operations, progress with the zoning plan

First quarter, continuing operations

  · Rental revenue SEK 6.7 M (6.9)
  ·
Operating profit SEK 18.8 M (30.0)
  · Profit before tax SEK 16.5 M (31.8)
  ·
Profit after tax SEK 12.2 M (23.9)
  · Unrealized changes in property value SEK
14.8 M (29.0)
  · Investments in continuing operations SEK 0.2 M (1.0)
  ·
Profit after tax SEK 12.2 M (91.0)

After the end of the period

  · In
April, the Solna city planning committee approved the zoning plan for Haga Norra
for exhibition.

CEO Andreas Philipson comments

In the first quarter,
zoning plan development continued on Catena’s Haga Norra property project in
Solna, Stockholm. After negotiations with the City of Solna regarding the
principles governing the development contract for this property concluded, the
Solna city planning committee approved the zoning plan for exhibition in mid
-April. The zoning plan will be on display in May, and is expected to be
approved by the City of Solna after the holiday period.

This decision is an
important step in Catena’s long-term efforts to realize the Haga Norra quarter
of the future, with new housing and workplaces. Haga Norra is attractively
located in the forthcoming new and merged Solna-Stockholm with the National
Arena, the Mall of Scandinavia, Hagastaden, Frösunda and easy access to the E4
highway. Letting work has commenced, and we’re seeing great interest from
potential office tenants.

Profit before tax for the quarter was SEK 16.5 M,
compared to SEK 31.8 M for the corresponding quarter of the previous year. The
change is due to Catena still holding a portfolio of 25 retail properties in
early-2011, which were then sold. In like-for-like terms, development progressed
as planned, with existing tenants continuing to provide stable cash flows that
ensure funding of our project work.

For further information, please
contact:

Andreas Philipson, CEO

Tel. +46-70-209 77 60

This information
is such that Catena AB (publ) must release it publicly in accordance with the
Swedish Securities and Clearing Operations Act and/or the Financial Instruments
Trading Act. The information was released to the public on April 26, 2012, at
2.00 pm.

Catena shall own, effectively manage and actively develop well
situated real estate with the potential to generate steadily growing cash flow
and healthy value growth. Catena’s overriding objective, based on its focused
orientation, is to provide shareholders with a favourable, long-term total
return.

For more information about Catena, visit
www.catenafastigheter.se (http://www.catenafastigheter.se)